Thursday, March 19, 2009
Fannie Plans Retention Bonuses As Outlined by the Government
By Zachary A. Goldfarb
Washington Post Staff Writer
Thursday, March 19, 2009; Page D01
Fannie Mae, the federally run mortgage finance giant, plans to pay four top executives $1 million or more in retention bonuses.
The bonus plan prompted the company's federal regulator to defend compensation decisions the government made when it took over Fannie Mae in September. It comes as American International Group faces public outrage over $165 million in bonuses it awarded last week.